A Manx company is to buy a controlling stake in what’s probably Britain’s most famous haulier.
The Stobart Group is selling 51 per cent of its trucking business to Douglas-based investment firm DBAY in a deal worth around £280 million.
DBAY will pay £195.6 million in cash for Eddie Stobart Logistics and take on £41million of debt
The sale means the new Manx owner can use the iconic Eddie Stobart brand free for four years, before negotiating a licensing deal.
Drop in visitor numbers over winter 'does the damage' for hotels
Hotel boss says lack of domestic tourism puts Manx businesses at a disadvantage compared to UK counterparts
Huts owner determined to rebuild after storm
Two huts were swept into the sea during the storm
Trawlers heading out to sea on first day of king scallop season
Bumper year expected in Manx waters
'Stay on top of web maintenance' to prevent future issues
Advice issued to Manx businesses following cyber security flaw
